BLI Banque de Luxembourg Investments Purchases 5,340 Shares of Visa Inc. $V

BLI Banque de Luxembourg Investments grew its holdings in Visa Inc. (NYSE:V) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 348,950 shares of the credit-card processor’s stock after acquiring an additional 5,340 shares during the quarter. Visa accounts for approximately 3.5% of BLI Banque de Luxembourg Investments’ investment portfolio, making the stock its 2nd biggest position. BLI Banque de Luxembourg Investments’ holdings in Visa were worth $121,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Visa by 50.1% during the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after acquiring an additional 6,883 shares during the period. Revolve Wealth Partners LLC increased its position in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after acquiring an additional 4,817 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its position in shares of Visa by 2.1% in the 1st quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,433 shares of the credit-card processor’s stock valued at $2,605,000 after buying an additional 150 shares during the last quarter. IFG Advisory LLC raised its holdings in Visa by 3.4% during the 1st quarter. IFG Advisory LLC now owns 4,679 shares of the credit-card processor’s stock worth $1,640,000 after purchasing an additional 156 shares during the last quarter. Finally, Fiduciary Wealth Partners LLC acquired a new position in Visa in the first quarter valued at $85,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on V. KeyCorp reiterated an “overweight” rating and set a $405.00 target price on shares of Visa in a research report on Wednesday, October 22nd. UBS Group set a $425.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 price target (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Erste Group Bank cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley set a $398.00 target price on shares of Visa and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $400.00.

Visa Stock Up 0.3%

V opened at $334.67 on Friday. The stock has a market cap of $609.67 billion, a PE ratio of 32.78, a P/E/G ratio of 1.98 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52 week low of $299.00 and a 52 week high of $375.51. The business’s fifty day simple moving average is $339.68 and its 200 day simple moving average is $347.21.

Visa (NYSE:V) last released its earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.01. The company had revenue of $10.72 billion during the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.71 EPS. As a group, research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is 26.25%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the transaction, the insider owned 26,413 shares in the company, valued at $8,608,789.09. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $341.00, for a total transaction of $3,575,385.00. Following the transaction, the chief executive officer owned 537 shares in the company, valued at $183,117. This represents a 95.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,042 shares of company stock worth $8,175,152 in the last three months. 0.13% of the stock is owned by insiders.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.